Lightsource bp completed the acquisition of 14 photovoltaic projects from RIC Energy.

Lightsource bp, a company engaged in the development, funding and long-term management of utility-scale solar PV projects, completed the acquisition of 14 photovoltaic projects from RIC Energy, a global developer of PV projects. Financial terms were not disclosed. “This is our largest European acquisition to date, adding 1GW to Lightsource bp’s current pipeline and further cementing our presence in the Spanish energy market. Partnering with local developers enables us to deploy new projects quickly and safely, providing affordable and sustainable solar power for businesses and communities across the region. We are looking forward to working with RIC Energy and bringing this portfolio to financial close," Kareen Boutonnat, Lightsource bp CEO of Europe and International.